Streamlined workflows are paramount to unlocking efficiency and strengthening controls for AP team members. This new product update allows teams to experience a more integrated way of handling approvals.
What finance teams can expect with OpenEnvoy’s Approval Policies:
- Insert as many approvers as required into approval workflows.
- Set value or amount thresholds by approver to create dynamic approval structures.
- Quickly set up approval policies and easily update approvers, thresholds, and amounts as business needs evolve.
The benefits of Approval Policies for finance teams:
- Finance leaders can efficiently streamline approvals and strengthen amount management.
- Ensure compliance by setting up required cost controls via thresholds and approvers for those cost centers.
- Granular controls over expense approvals and enhanced visibility throughout the approval process.